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Whether you have a question, comment, suggestion or any problem in the purview of the government, send us your message and we will try to respond as soon as possible. If your problem is not in our purview, we will forward your message to the relevant institution.

The Government of the Republic of Serbia

In the service of citizens

A:

Bids opened for NIS privatisation advisor

Belgrade, 22 December 2005

The Serbian Privatisation Agency stated today that the public opening of offers of qualified bidders was carried out today, as part of the second phase of the restrictive procedure of public purchase for providing consultancy services of the privatisation advisor for the Serbian oil industry NIS.

The Public Purchase Commission stated that, in line with the required criteria, the bids that have fulfilled the minimum requirements are those submitted by the following bidders:

1. Joint offer: a. Credit Suisse First Boston (Europe) Limited b. Dewey Balantine c. Drazic, Beatovic & Partners

2. Joint offer: a. Merrill Lynch International b. Raiffeisen Investment AG

3. Joint offer: a. CA IB Corporate Finance b. Goldman Sachs International

4. Joint offer: a. McKinsey b. EKI Investment c. Synergy Capital d. Deloitte e. Simmons & Simmons f. Harrisons Solicitors g. JP Morgan

The Commission will assess the bids and send its report to the Serbian government for adoption, and the government will in turn make the final decision. All bidders will be notified on the decision afterwards.

Members of the Public Purchase Commission include Chairman Aleksandra Babic, and members Milorad Bjelopetrovic, Vladislav Cvetkovic and Smiljana Cvikic.